Weekly Grain Traded CGX - 21 April

Clear Grain Exchange
Apr 22
4 min read

Grain stored on-farm can now be sold on CGX

Victorian grain prices hold amid tightness - There was evidence of growers impacting grain prices across Australia with prices in Victoria in particular holding given the tighter grain balance sheet there.
29 buyers met grower offer prices to purchase 27 grades - Wheat, barley, canola, chickpeas, faba beans, lupins, and oats traded in 11 port zones.
CGX and igrainX enable growers to offer grain for sale - Growers delivering to warehouse can offer grain for sale on CGX. Growers with grain on-farm can offer grain for sale on igrainX and determine pickup/delivery timeframes.

27 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale. — 29 buyer businesses purchased grain through Clear Grain Exchange (CGX) last week. More buyers were searching for grain offered for sale.

When your grain is offered for sale on CGX all buyers can see it and try to purchase it.

Market stats for last week

29 buyers purchased grain on CGX - more were searching for grain
- 8 in QLD and NSW (25 week prior)
- 13 in VIC (27 week prior)
- 6 in SA (18 week prior)
- 9 in WA (20 week prior)
86 sellers sold grain through CGX across 95 transactions - more were offering grain for sale (706 and 1,174 respectively week prior)
8 agent and/or advisory businesses sold grain on behalf of growers (21 week prior)
27 different grades traded (49 week prior)
7 commodities - Wheat, barley, canola, chickpeas, faba beans, lupins, oats
11 port zones traded across QLD, NSW, VIC, SA and WA

Victorian prices hold amid tightness

Hoping everyone had a lovely Easter, stayed safe and enjoyed some time with family and friends.

Last week saw grain prices across Australia more subdued than the week prior as the Australian dollar regained its value against the US dollar.

A weaker exchange rate makes Australian grain exports more competitive into global markets and enables exporters to increase prices to growers.

Hence weakness in the Australian dollar during the week prior to last week saw many growers able to achieve their target prices to sell some more grain.

However the weakness in the Australian dollar was relatively short lived and the renewed strength in our currency has seen prices bid by buyers pulled back again.

The tighter grain market in Victoria saw prices hold with feed wheat and barley continuing to trade at much stronger prices than published bids as domestic users tried to secure more grain for their requirements where it is less available.

There was also evidence of growers impacting grain prices in other parts of Australia with stock feed wheat and chickpeas trading at grower offer prices in Queensland and NSW.

Wheat and barley grades were also trading through South Australia and Western Australia. Canola and faba beans traded through Victoria and South Australia, while oats and lupins were also trading through the west at prices growers targeted.

Growers are impacting the price of Australian grain by offering grain for sale and leading bids higher.

The short-lived price gains from weakness in the Australian dollar are a good reminder for growers that strength in prices and buyer demand can be fleeting at times and trying to pick the top of market prices by standing aside and reacting can often result in no result.

Prices traded on Clear Grain Exchange are regularly well above best published bids as buyers bid up to secure the grain they can see offered for sale.

Growers that are offering their grain for sale on Clear Grain Exchange and now igrainX for grain stored on-farm, are proactively influencing Australian grain prices.

Let all buyers see your grain at the price you are a genuine seller as it helps attract more buyers to buy your grain and is the only way to determine it's true value.

29 buyers bid up to match grower offer prices and purchase grain. 42 buyers bid for grain and a total of 103 buyers made 3,754 searches for grain listed for sale on the exchange.

There are plenty of buyers searching for Australian grain offered for sale.

Buyers are actively looking for Australian grain and ready to buy it at prices they can make work. Demand for grain is not an issue. It's the price point that grain will trade which the market tries to work out, and growers can influence that by offering grain for sale at the price they're sellers.

The amount of grain to be exported from Australia this year and consumed domestically has not yet been bought by buyers from growers.

This means demand for Australian grains remains and growers have a say in the price they sell it for.

igrainX enables growers to offer grain for sale that's stored on-farm to all buyers from within their CGX online account.

Grain listed for sale that's stored on-farm is protected by counterparty insurance, a diligent buyer registration process, and CGX managing invoices and collecting funds from the buyer on the growers behalf.

Please login and have a look and/or call our support team at anytime.

The tables below provide a summary of traded prices on CGX last week

Note: GTA location differentials are used to convert prices to a port equivalent price, actual freight rates can differ particularly in the eastern states. You can offer any grade for sale to create demand.